Trust Point Inc. Sells 2,271 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Trust Point Inc. reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 57.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698 shares of the specialty retailer's stock after selling 2,271 shares during the quarter. Trust Point Inc.'s holdings in Williams-Sonoma were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Williams-Sonoma during the fourth quarter valued at $37,000. SOA Wealth Advisors LLC. bought a new position in shares of Williams-Sonoma during the 1st quarter valued at about $33,000. Sentry Investment Management LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at about $32,000. Sound Income Strategies LLC bought a new stake in shares of Williams-Sonoma in the first quarter worth about $43,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Williams-Sonoma in the fourth quarter worth about $49,000. Institutional investors own 99.29% of the company's stock.

Insider Buying and Selling

In other news, CFO Jeffrey Howie sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $157.11, for a total transaction of $628,440.00. Following the transaction, the chief financial officer now directly owns 38,388 shares of the company's stock, valued at approximately $6,031,138.68. This trade represents a 9.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Karalyn Yearout sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $151.53, for a total value of $1,212,240.00. Following the completion of the sale, the executive vice president now owns 16,505 shares of the company's stock, valued at $2,501,002.65. The trade was a 32.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,227 shares of company stock valued at $18,520,913 in the last 90 days. Company insiders own 1.10% of the company's stock.

Williams-Sonoma Stock Performance

WSM opened at $157.00 on Wednesday. The stock's 50 day moving average price is $157.17 and its 200-day moving average price is $177.48. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The stock has a market cap of $19.31 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.56 and a beta of 1.47.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%. The company had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the business earned $3.48 EPS. Williams-Sonoma's revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, July 18th. Williams-Sonoma's dividend payout ratio is presently 29.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WSM shares. Telsey Advisory Group restated an "outperform" rating and set a $215.00 price target on shares of Williams-Sonoma in a report on Tuesday. UBS Group lowered their target price on Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Morgan Stanley reduced their price target on shares of Williams-Sonoma from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Baird R W upgraded shares of Williams-Sonoma from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Royal Bank Of Canada set a $182.00 target price on shares of Williams-Sonoma and gave the stock an "outperform" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Williams-Sonoma has an average rating of "Hold" and an average price target of $176.75.

About Williams-Sonoma

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

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